C000222148 Fees and Costs — Regan Total Return Income Fund, Investor Class
Data updated: 2024-02-29
The net expense ratio is 1.55%: a 0.89% management fee, a 0.25% 12b-1 fee plus 0.53% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 63%.
C000222148 Fees and Expenses
Annual operating expenses and sales charges of C000222148. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.89% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.53% |
| Gross expense ratio | 1.68% |
| Fee waiver | −0.13% |
| Net expense ratio | 1.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000222148 Costs Over Time
On $10,000 invested in C000222148, assuming 5% a year before costs, total costs come to $959 over 5 years, cutting the return by 1.63% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.55%) | $163 | $505 | $871 |
| Lost growth on money paid in costs | $0 | $25 | $88 |
| Total costs | $163 | $530 | $959 |
| Value after costs | $10,337 | $11,046 | $11,804 |
| Impact on return, per year | 1.63% | 1.63% | 1.63% |
C000222148 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 63%
- Securities lending: none during the year
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.